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Epic Games Raise $2Billion from Sony & LEGO for Metaverse Visions

The latest fundraise pum Epic Games' valuation to $31.5B.
Epic Games Raise $2Billion from Sony & LEGO for Metaverse Visions, Fortnite team as featured image

Epic Games, the computer game publisher behind the favored computer and console game Fortnite, declared a $2 billion funding spherical with plans to accelerate the company’s vision to create its mark within the Metaverse. The deal, that remains subject to customary regulative approvals, would bring Epic’s equity valuation to $31.5 billion.

This spherical includes a various $1 billion investment from existing capitalist Sony Group Corporation and from KIRKBI, the company behind the LEGO. Sony, the corporate behind PlayStation consoles, additionally endowed $200 million into Epic in April 2021.

 

According to tis tweet, the 3 partners conceive to mix experience and technologies to influence the longer term of diversion and digital play by developing new virtual production initiatives and digital fan experiences in sports and vice.

 

Epic Games on the way

Tim Sweeney, CEO and founding father of Epic Games, expressed that this investment can serve to

“create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive”

The capital raise follows an announcement by Epic and also the Lego Group to partner to create the Metaverse

“safe and fun for children and families”

Epic Games additionally developed Unreal Engine, one among the largest platforms wont to produce games, rivaling the likes of Microsoft and Valve. Its latest update, Unreal Engine five, facilitates the creation of NFT-based play-to-earn, or P2E, games.

 

Image by WAQAR AHMAD from Pixabay

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